Each party will act in good faith and in the interest of the venture, keep honest records, and give the other access to those records on request.
Either party may exit with ______ days written notice. On exit, the departing party is paid their share of value as of the exit date, determined by: ____________________________________. Debts and obligations existing at that date remain shared as written above.
Disputes go first to direct discussion, then to mediation before any legal action. This agreement replaces any prior understanding between the parties on this subject.
Additional terms: _____________________________________________________________________________________________________